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The Macroeconomics of Government Debt

The New Open Economy Macroeconomics of Government Debt

The New Open Economy Macroeconomics of Government Debt

... in debt, short-run relative con- sumption ...the debt ¯nanced tax-cut has detrimental welfare e®ects in the long run not only relative to the other country, but also in absolute ...

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Macroeconomics and politics in the accumulation of Greece’s debt: an econometric investigation, 1975-2009

Macroeconomics and politics in the accumulation of Greece’s debt: an econometric investigation, 1975-2009

... coefficient on the socialist party dummy variable is not statistically significant. Fifth, there are significant electoral effects. On the basis of the estimates in Table 3 one would not be able to reject the hypothesis ...

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Government debt management: the long and the short of it

Government debt management: the long and the short of it

... market debt and the editor for suggesting how to deal with ...REDg Macroeconomics Workshop in ...”Government Debt: Constraints and Choices” at Becker-Friedman Institute, University of Chicago, ...

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The Role of Government Debt in Economic Growth

The Role of Government Debt in Economic Growth

... of government debt on economic ...central macroeconomics question, there has been no precise definition of the real source of this problem in economic and policy discussions to ...public debt ...

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Government Debt Management: The Long and the Short of It

Government Debt Management: The Long and the Short of It

... market debt and the editor for suggesting how to deal with ...REDg Macroeconomics Workshop in ...”Government Debt: Constraints and Choices” at Becker-Friedman Institute, University of Chicago, ...

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Reducing Government Debt in the Presence of Inequality

Reducing Government Debt in the Presence of Inequality

... large debt reductions, it is even ...the debt reduction does not directly distort the optimal decisions of ...reduce debt can be very large. For example, if government debt is reduced ...

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Polish local government debt refinance

Polish local government debt refinance

... incur debt obliga- tions, is a closed ...sheet debt operation, but constitutes a circumvention of the regulations on the limitation of territorial self-government units’ ...The debt ...

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Government Debt Expansion and Stock Returns

Government Debt Expansion and Stock Returns

... average debt-to-GDP ratio was 56% and tended to increase by 26 basis points per ...the government tax revenue to GDP ratio is slightly negative, the median has a small positive ...

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Federal Government Debt and Interest Rates

Federal Government Debt and Interest Rates

... federal government debt and deficits with interest ...federal government debt has no effect on interest rates, than does Bernheim, who argues that the Ricardian equivalence hypothesis should ...

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Temporarily Unstable Government Debt and Inflation

Temporarily Unstable Government Debt and Inflation

... promised government transfers that initially are fully honored, being financed by new sales of government debt that bring forth higher future income ...As debt levels and tax rates rise, the ...

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Growth and Productivity: the role of Government Debt

Growth and Productivity: the role of Government Debt

... any estimated parameters are likely to be biased) 5 , it does not solve the potential problem and one may end up estimating biased coefficient. Moreover, panel data estimations may yield biased coefficient estimates when ...

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Reducing Government Debt in the Presence of Inequality

Reducing Government Debt in the Presence of Inequality

... the debt/GDP ratio that maximizes overall welfare is positive, which confirms our results that the costs of debt reductions over the transition are ...of government debt, both in the ...

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Nominal targeting in an economy with government debt

Nominal targeting in an economy with government debt

... to government consumption, their ability to offset cost-push shocks is much reduced, welfare costs increase and the optimal drift in the price level is correspondingly ...reduce debt levels and, when taxes ...

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Sustainable Government Debt: The Case Of Poland

Sustainable Government Debt: The Case Of Poland

... to government budget deficits in many countries for decades, government debt has become a big problem for some of these ...reduced government budget deficit to avoid a serious ...

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Reducing Government Debt in the Presence of Inequality

Reducing Government Debt in the Presence of Inequality

... Nicola Fuchs-Sch¨ undeln, Wouter den Haan, John Hassler, Marcus Hagedorn, Jonathan Heathcote, Kenneth Judd, Leo Kaas, Timothy Kehoe, Nobuhiro Kiyotaki, Felix K¨ ubler, Alex Michaelides, Dirk Niepelt, V´ıctor R´ıos-Rull, ...

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Integrating Government Debt and Cash Management

Integrating Government Debt and Cash Management

... Debt (& Cash) Office: Systems Government Expenditure Monitoring and Control disbursement authority receipt collection monitoring cash flow Published Financial Accounts Debt [r] ...

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Government debt management: challenges and perspectives

Government debt management: challenges and perspectives

... It is obvious that fast paying off the debt is cost- ly for the economy, but payment for the long pe- riods can prolong the recession in the country. Some countries use a special mechanism of debt reduction ...

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What Has Financed Government Debt?

What Has Financed Government Debt?

... initial debt innovation, shown in the first ...stabilize debt when the sign of their contribution in the table is the same as the sign of the initial change in ...support debt, with the lion’s share ...

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The Sustainability of Japan’s Government Debt: A Review

The Sustainability of Japan’s Government Debt: A Review

... of government deficit by focusing on three approaches: the track record of government budget, relevance with economic growth, and the predictions of tax and social security burden to national income or ...

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The Dynamics of Government Debt and Economic Growth

The Dynamics of Government Debt and Economic Growth

... between government debt and economic ...when government debt approaches 100% of GDP ( Reinhart and Rogoff 2010a; 2010b; Kumar and Woo 2010; Cecchetti et ...of government debt are ...

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